Smart Robot Market is Anticipated to Reach US$ 14 Billion by 2024

New York, January 02, 2019: The scope of the report includes a detailed study of Smart Speaker Market with the reasons given for variations in the growth of the industry in certain regions.

The Smart Robot Market is expected to exceed more than US$ 14 Billion by 2024 at a CAGR of 24% in the given forecast period.

A smart robot is an artificial intelligence (AI) system that can learn from its environment and its experience and build on its capabilities based on that knowledge. Increasing rate of adoption for personal applications such as elderly assistance, robotic pets, pool cleaning, and vacuum cleaning, among others. These robots are presently being designed to carry on autonomous tasks and for working along with human beings.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Google, Amazon, Lenovo, Harman Kardon, FABRIQ, Invoxia, JAM Audio, Pan Ocean (HK) Technology Co., LTD. (Clazio), Sonos, Apple, LG, and Onkyo Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The major restraining factors of Smart Robot Market are as follows:

High Initial R&D Expenditure

The major driving factors of Smart Robot Market are as follows:

Growing Adoption of Autonomous Robots for skilled Services

Rising Technological Advancements within the Field of AI

Increasing Investments Toward Industrial Automation

Growing Government Aid for R&D of AI-Enabled Robots

The Smart Robot Market is segmented on the Basis of Product Type, Application Type, Component Type and Regional Analysis.By Product Typethis market is segmented on the basis of Personal, Professional and Defence and Security. Personal is segmented into Domestic, Entertainment and Others. Defence and Security is segmented into Field, Medical, Underwater, Logistics, Telepresence, Inspection and Maintenance and Others. By Application Typethis market is segmented on the basis of Automotive, Electronics, Food & Beverages and Others. By Component Type this market is segmented on the basis of Hardware, Sensor, Actuator and Software. Sensor is segmented into Gyroscope, Microphone, Accelerometer, Tilt Sensor, Force/Torque Sensor, Position Sensor, Vision/Image Sensor and Others. Actuator is segmented into Electrical, Pneumatic, Hydraulic, Piezoelectric and Ultrasonic. Power Source is segmented into Control System/Controller and Others. Regional Analysisthis market is segmented on the basis of North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

This report provides:

1) An overview of the global market for Smart Robot Marketand related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Smart Robot Market

4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.